Adam Le
Adam Le is Senior Editor, EMEA, for PEI Group's private equity publications, overseeing the flow of global news and analysis for Private Equity International and Secondaries Investor. Based in London, Adam works closely with private equity-focused colleagues across PEI's offices in New York, London and Hong Kong. Prior to PEI, his roles included reporting on finance and technology for Bloomberg Japan.
Issues around pricing, alignment and the absence of a lead investor can complicate matters, a conference has heard.
In this episode of our Second Thoughts podcast, senior leaders from Lexington Partners, LGT Capital Partners and Davis Polk discuss how continuation funds are transforming private markets.
The deal involves Annington, which was created when Hands helped Japanese bank Nomura acquire military homes in 1996 from the UK government.
Nash Waterman's departure comes three months after HIG Capital poached four members of the bank's GP-led secondaries investment team.
Retail capital focuses on liquidity and consistently high returns – factors that don't always found the basis of a long-term partnership in private markets.
UK-based software specialist Hg joins a growing number of direct private equity shops launching secondaries strategies as the segment of private markets continues on its growth spree.
Strategic Partners Fund X is seeking $22.5bn, documents prepared for a US pension's meeting this week show.
Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It's an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.
The $524.4bn investor has been actively using the secondaries market as a portfolio management tool, as well as for buyside opportunities.
Secondaries buyers have lined up to back the deal, which is set to close this month, Secondaries Investor understands.